TriplePoint Venture Growth BDC Corp. (TPVG)
TriplePoint Venture Growth BDC Corp. (TPVG) functions as a business development company, primarily concentrating its investments on growth-stage enterprises backed by venture capital. The firm's core offering involves providing debt financing solutions to companies within the venture growth ecosystem. These solutions encompass a diverse range of products, such as growth capital loans, customized and secured credit facilities, equipment financing, and revolving lines of credit. Additionally, TPVG engages in direct equity investments. Its investment strategy targets companies operating in key sectors, including e-commerce, entertainment, technology, and life sciences. Within the technology sphere, the areas of specific interest are broad, covering cybersecurity, wireless communication equipment, network systems and software, business application software, conferencing solutions, big data analytics, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet and media, networking, semiconductors, various software categories (including Software-as-a-Service), and other related technological subsectors. For life sciences, TPVG focuses on biotechnology, biofuels/biomass, diagnostic testing and bioinformatics, drug delivery systems, drug discovery, healthcare information systems, healthcare services, medical/surgical/therapeutic devices, pharmaceuticals, and other related fields. The size of TPVG's investments varies based on the type of financing: growth capital loans typically range from $5 million to $50 million, equipment financings are between $5 million and $25 million, and revolving loans generally fall between $1 million and $25 million. Direct equity investments, conversely, are usually from $0.1 million to $5 million, and are structured to not exceed 5% of the portfolio company's total equity. The debt financing instruments are commonly structured as lines of credit, and the company also employs warrants and secured loans in its funding approach. TPVG aims to achieve targeted returns of 10% to 18%. A distinctive aspect of its investment policy is that it does not seek board representation in the companies it finances.
Industry: Asset Management
TriplePoint Venture Growth BDC Corp.
No splits on record
Nothing in TPVG's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $97.21M | $71.19M | $5.97M | $13.39M | $100.74M | $57.5M | $50.21M | $41.53M | $33.7M | $23.45M | $22.54M | $29.94M |
| YoY Growth | 36.6% | 1092.4% | -55.4% | -86.7% | 75.2% | 14.5% | 20.9% | 23.2% | 43.7% | 4.0% | -24.7% | - |
| Cost of Revenue | $16.03M | $25.66M | $33.04M | $22.9M | $13.39M | $12.73M | $10.01M | $15.62M | $6.55M | $5.28M | $11.01M | $0 |
| Gross Profit | $81.18M | $45.53M | -$27.07M | -$9.51M | $87.35M | $44.77M | $40.2M | $25.91M | $27.16M | $18.17M | $11.53M | $29.94M |
| Gross Margin | 83.5% | 64.0% | -453.4% | -71.0% | 86.7% | 77.9% | 80.1% | 62.4% | 80.6% | 77.5% | 51.2% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $6.12M | $8.69M | $9M | $6.7M | $6.13M | $6.7M | $6.04M | $4.96M | $4.3M | $4.46M | $4.35M | $10.37M |
| Other | -$664K | $4.79M | $3.76M | $3.86M | $4.66M | $2.77M | $2.4M | $2.55M | -$3.41M | -$9.31M | $2.67M | $0 |
| Total Operating Expenses | $5.45M | $13.49M | $12.75M | $10.56M | $10.79M | $9.46M | $8.44M | $4.96M | $889K | -$4.84M | $7.02M | $8.12M |
| Operating Income (EBIT) | $75.73M | $32.05M | -$39.82M | -$20.07M | $76.56M | $35.31M | $31.76M | $34.99M | $26.27M | $23.01M | $21.96M | $20.05M |
| Operating Margin | 77.9% | 45.0% | -667.0% | -149.8% | 76.0% | 61.4% | 63.3% | 84.3% | 77.9% | 98.1% | 97.4% | 67.0% |
| Interest Expense | $26.52M | $25.66M | $33.04M | $22.9M | $13.39M | $12.73M | $10.01M | $9.08M | $6.55M | $5.28M | $3.62M | $0 |
| Interest Income | $88.26M | $106.38M | $133.25M | $116.57M | $82.83M | $88.57M | $70.52M | $0 | $50.03M | $41.77M | $39.9M | $4.68M |
| Other Income (Expense) | -$26.52M | $0 | $0 | $0 | $0 | $0 | $0 | $1.57M | -$7.04M | -$11.88M | $0 | -$5.28M |
| Income Before Tax (EBT) | $49.21M | $32.05M | -$39.82M | -$20.07M | $76.56M | $35.31M | $31.76M | $36.56M | $19.23M | $11.13M | $15.52M | $17.15M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $296K | -$2.9M |
| Net Income | $49.21M | $32.05M | -$39.82M | -$20.07M | $76.56M | $35.31M | $31.76M | $36.56M | $19.23M | $11.13M | $15.52M | $17.15M |
| Net Income Margin | 50.6% | 45.0% | -667.0% | -149.8% | 76.0% | 61.4% | 63.3% | 88.0% | 57.1% | 47.4% | 68.9% | 57.3% |
| Supplementary Data | ||||||||||||
| EPS | 1.22 | 0.82 | -1.12 | -0.61 | 2.47 | 1.16 | 1.28 | 1.78 | 1.18 | 0.69 | 1.03 | 1.74 |
| Diluted EPS | 1.22 | 0.82 | -1.12 | -0.61 | 2.47 | 1.16 | 1.28 | 1.78 | 1.18 | 0.69 | 1.03 | 1.74 |
| Weighted Average OS | 40.28M | 39.10M | 35.71M | 32.69M | 30.94M | 30.57M | 24.84M | 20.49M | 16.32M | 16.16M | 15.04M | 9.87M |
| EBITDA | $75.73M | $32.05M | -$39.82M | -$18.04M | $78.51M | $35.31M | $33.33M | $47.18M | $27.56M | $24.25M | $23.28M | $14.29M |
| EBITDA Margin | 77.9% | 45.0% | -667.0% | -134.6% | 77.9% | 61.4% | 66.4% | 113.6% | 81.8% | 103.4% | 103.3% | 47.7% |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $20.36M | $45.9M | $153.33M | $51.49M | $51.27M | $38.22M | $20.29M | $3.38M | $4.48M | $7.78M | $32.45M | $6.91M | $25K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20M | $124.91M | $39.99M | $70M | $49.99M | $0 |
| Cash and Short-Term Investments | $20.36M | $45.9M | $153.33M | $51.49M | $51.27M | $38.22M | $20.29M | $23.38M | $129.39M | $47.77M | $102.45M | $56.9M | $25K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $20.36M | $45.9M | $155.71M | $53.36M | $52.28M | $40.12M | $23.26M | $25.89M | $131.71M | $50.44M | $103.02M | $57.4M | $25K |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $783.54M | $0 | $0 | $0 | $0 | $50.44M | $48.61M | -$11.93M | -$229.77M | -$65.68M | -$127.86M | -$89.63M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $35.74M | $717.14M | $823.11M | $961.17M | $875.38M | $592.95M | $612.28M | $453.09M | $608.34M | $449.46M | $407.16M | $358.55M | $0 |
| Total Long-Term Assets | $819.28M | $717.14M | $823.11M | $961.17M | $875.38M | $643.39M | $660.89M | $441.16M | $378.57M | $383.79M | $279.3M | $268.93M | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $839.65M | $763.04M | $978.83M | $1.01B | $927.67M | $683.51M | $684.15M | $467.05M | $510.28M | $434.22M | $382.32M | $326.33M | $25K |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $3.09M | $0 | $20M | $124.91M | $39.99M | $70M | $50M | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23M | $67M | $168.29M | $18M | $118M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $0 | $0 | $0 | $0 | $0 | $3.09M | $0 | $55.23M | $200.28M | $215.64M | $94.87M | $177M | $0 |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $469.08M | $398.83M | $607.9M | $566.98M | $467.5M | $261.11M | $335.75M | $72.94M | $72.43M | $168.29M | $52.91M | $118M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $16.95M | $18.53M | $24.62M | $27.61M | $25.68M | $18.88M | $15.89M | $4.35M | $2.63M | -$165.57M | $2.9M | -$113.65M | $0 |
| Total Long-Term Liabilities | $486.03M | $417.35M | $632.52M | $594.59M | $493.18M | $279.99M | $351.64M | $77.29M | $75.06M | $2.72M | $55.81M | $4.35M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $486.03M | $417.35M | $632.52M | $594.59M | $493.18M | $283.07M | $351.64M | $132.52M | $275.34M | $218.36M | $150.68M | $181.35M | $0 |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $405K | $401K | $376K | $353K | $310K | $309K | $249K | $248K | $177K | $160K | $163K | $99K | $0 |
| Retained Earnings | -$161.18M | -$168.43M | -$147M | -$50.98M | $19.96M | -$12.39M | -$795K | $2.95M | -$720K | $82K | $34.77M | $12.81M | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.7M | -$16.84M | -$4.96M | $1.48M | $0 |
| Other Stockholders' Equity | $514.4M | $513.72M | $492.93M | $470.57M | $414.22M | $412.51M | $333.05M | $331.33M | $235.49M | $215.62M | $196.72M | $132.07M | $25K |
| Total Equity | $353.62M | $345.69M | $346.31M | $419.94M | $434.49M | $400.44M | $332.51M | $334.53M | $234.94M | $215.86M | $231.65M | $144.98M | $25K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $839.65M | $763.04M | $978.83M | $1.01B | $927.67M | $683.51M | $684.15M | $467.05M | $510.28M | $434.22M | $382.32M | $326.33M | $25K |
| Supplementary Data | |||||||||||||
| Total Debt | $469.08M | $398.83M | $607.9M | $566.98M | $467.5M | $261.11M | $335.75M | $95.94M | $139.43M | $336.58M | $70.91M | $236M | $0 |
| Net Debt | $448.72M | $352.93M | $454.57M | $515.49M | $416.23M | $222.89M | $315.47M | $92.56M | $134.95M | $328.8M | $38.46M | $229.09M | -$25K |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Operating Activities | ||||||||||||
| Net Income | $49.21M | $32.05M | -$39.82M | -$20.07M | $76.56M | $35.31M | $31.76M | $36.56M | $19.23M | $11.13M | $15.52M | $17.15M |
| Depreciation & Amortization | $0 | $0 | $0 | $2.04M | $1.96M | $0 | $1.57M | $1.54M | $1.3M | $1.24M | $1.48M | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $287K | -$2.29M | $643K | $2.02M | -$459K | $1.73M | -$100K | -$171K | -$1.43M | $0 |
| Other Working Capital | -$1.51M | -$7.87M | -$3.79M | $3.37M | $7.05M | $2.04M | -$20.78M | $4.3M | $1.36M | -$6K | -$1.69M | $74.77M |
| Total Working Capital Change | -$1.51M | -$7.87M | -$3.5M | $1.08M | $7.69M | $4.06M | -$21.24M | -$98.89M | $86.18M | -$31.86M | $18.89M | $74.77M |
| Other Non-Cash Items | -$104.73M | $128.75M | $92.56M | -$83.94M | -$230.88M | -$8.95M | -$199.63M | $42.97M | -$81.61M | -$74.2M | -$33.75M | -$378.04M |
| Net Cash from Operating | -$57.03M | $152.92M | $49.23M | -$100.89M | -$144.68M | $30.42M | -$187.54M | -$17.82M | $25.1M | -$93.69M | $2.15M | -$286.12M |
| Investing Activities | ||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$136.02M | -$126.99M | -$421M | -$417.37M | -$206.14M | -$397.18M | -$158.61M | -$318.15M | -$126.34M | -$121.09M | $0 |
| Sales of Investments | $0 | $0 | $183.91M | $276.18M | $238.34M | $236.3M | $223.04M | $320.31M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $136.02M | $0 | -$276.18M | -$238.34M | $0 | -$223.04M | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $56.92M | -$421M | -$417.37M | $30.16M | -$397.18M | -$158.61M | -$318.15M | -$126.34M | -$121.09M | $0 |
| Financing Activities | ||||||||||||
| Debt Repaid | -$70M | $210M | -$40.01M | -$100M | -$207.25M | $123.33M | -$239.3M | $44M | $30.43M | -$97M | $47.24M | - |
| Common Stock Issuance | $0 | $19.43M | $21.11M | $55.11M | $0 | $78.24M | $0 | $94.61M | $22.47M | $0 | $95.94M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.38M | -$5.55M | $0 |
| Dividends Paid | -$41.27M | -$52.09M | -$54.92M | -$49.59M | -$45.59M | $0 | -$33.78M | -$29.54M | -$22.62M | -$21.53M | -$19.24M | -$11.45M |
| Other Financing Activities | -$3.05M | -$3.11M | -$26K | -$4.52M | -$2.51M | $45.28M | -$1.49M | -$1.26M | $0 | -$1.08M | -$503K | $307.44M |
| Net Cash from Financing | $25.67M | -$245.78M | $6.17M | $101M | $159.15M | -$42.35M | $204.03M | $17.76M | -$30.57M | $69.01M | $23.4M | $294.38M |
| Forex Effect | $0 | $0 | $0 | $421M | $417.37M | $0 | $397.18M | $158.61M | $318.15M | $126.34M | $121.09M | $0 |
| Net Change in Cash | -$31.36M | -$92.86M | $112.32M | $113K | $14.47M | $18.24M | $16.49M | -$57K | -$5.47M | -$24.68M | $25.55M | $8.26M |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | -$57.03M | $152.92M | $49.23M | -$100.89M | -$144.68M | $30.42M | -$187.54M | -$17.82M | $25.1M | -$93.69M | $2.15M | -$286.12M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$57.03M | $152.92M | $49.23M | -$100.89M | -$144.68M | $30.42M | -$187.54M | -$17.82M | $25.1M | -$93.69M | $2.15M | -$286.12M |
| Cash at Beginning | $78.73M | $171.58M | $59.26M | $59.15M | $44.68M | $26.44M | $9.95M | $10.01M | $15.48M | $32.45M | $6.91M | $0 |
| Cash at End | $47.37M | $78.73M | $171.58M | $59.26M | $59.15M | $44.68M | $26.44M | $9.95M | $10.01M | $7.78M | $32.45M | $8.26M |